“We’re trying to digitalize as much of our client experience as possible, front and back, and modernize our technology,” Jonathan Lofthouse, head of markets and enterprise risk technology, told the news outlet. “Those firms that can digitalize fastest are going to create competitive advantage.”
The bank raised tech spending by 10 percent last year to $10 billion, Bloomberg reported. It currently has more than 30,000 software engineers, and data specialists are particularly in demand at banks and in the economy as a whole.
Citigroup didn’t respond to a request from Becker’s to confirm the report or when the hiring will take place.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
